Post Reply
1-20 of 33
Genting Singapore PLC
(Incorporated in the Isle of Man No. 003846V)
First Names House, Victoria Road, Douglas, Isle of Man, IM2 4DF, British Isles
NOTICE OF REDEMPTION TO THE HOLDERS OF GENTING SINGAPORE PLC&rsquo S
S$1,800,000,000 5.125% PERPETUAL SUBORDINATED CAPITAL SECURITIES
(THE &ldquo SECURITIES&rdquo ) (ISIN NO. SG6T47979602)
In accordance with Condition 5(b) of the Securities, irrevocable notice is hereby given to the holders of the Securities that Genting Singapore PLC has elected to, and will, redeem all ofthe outstanding Securities on 12 September 2017 (the &ldquo Redemption Date&rdquo ). Terms usedand not defined in this Notice of Redemption are used with the same meanings ascribed
thereto in the terms and conditions of the Securities.
The redemption price (the &ldquo Redemption Price&rdquo ) for the Securities will be an amount equal to100% of the principal amount of the Securities, together with unpaid Distribution accrued to the Redemption Date.
On the Redemption Date, Genting Singapore PLC shall make or cause to be made payment of the redemption moneys to The Central Depository (Pte) Limited (&ldquo CDP&rdquo ) for the account of the holders of the Securities. Such redemption moneys will be paid to the persons who, as at 5 September 2017, are shown in the records of CDP as holders of the Securities, via the payment method as agreed between themselves and CDP.
This Notice of Redemption is issued by Genting Singapore PLC.
17 July 2017
pinkowl ( Date: 09-Feb-2017 13:42) Posted:
|
BTW,,, just read the T & C... the first call up date is 22nd Sep 2017.... this means that the company may redeem this bond as early as Sep this year. Right ?
pinkowl ( Date: 09-Feb-2017 13:42) Posted:
|
Correction on both our posts. It' s 5.125%, not 5.25%.
pinkowl ( Date: 09-Feb-2017 13:40) Posted:
|
Are you prepared to receive 5.25% every year till 2022?
Are you prepared to have your money there even after 2022 (should the company decide not to redeem), and continue to receive 6.125%?
If yes, then go ahead.
If you decide that you may not want to have your money stuck there for that long a period and want to redeem earlier, the risk is that bond prices may drop with interest rate hike.
It' s your choice. Hope this helps.
lorann ( Date: 09-Feb-2017 13:28) Posted:
|
better check when will it be recall.
lorann ( Date: 09-Feb-2017 13:28) Posted:
|
Yearly yield of 5.25% per annum. Worth buying now?
This bond seems to have a very clear price movement. Can anyone share why this is the case?
in time of mkt volatility , bonds may be a good options to consider.
http://sporeshare.blog spot.sg/2016/01/corporate-bonds.html
Pref shares info http://sporeshare.blogspot.sg/2013/12/pref-shares.html
Hi, is someone able to share with me how to decide when to keep or sell this stock? Thanks.
New123 ( Date: 25-Apr-2012 11:05) Posted:
|
i think u may see $1.05 in times to come...
genting^2 ( Date: 19-Apr-2012 12:29) Posted:
|
Just make life simpler, 10000 shares of S$1.
If it rises to 1.05, it will be $500 profit.
500/10000 = 5%.
the share pays $0.05125 per year in perpetuity for every $1 shareholding (ignoring semi-annual compounding to make it simple.) the yield from similar securities like hyflux preference shares is around 5.11% pa. so the price of genting is $0.05125/0.0511 = $1.003.
if the price hits $1.004, the market is expecting a yield of $0.05125/$1.004 = 5.1%
Oops ... i got it wrong again. Whatever is it .... just for the sake of fun.
genting^2 ( Date: 19-Apr-2012 10:37) Posted:
|
Wrong lah. If based on your calculation, it should be 1.025.
also, we have to take transaction fees into our consideration
edchai ( Date: 19-Apr-2012 10:19) Posted:
|
wrong claculation ... wanted to state 1.0025 :-) So, it would be 1.002 ~~ 1.003.
My estimation is based on its yield 5.125%. As the issuer paying coupon in every six months, 5.125% / 2 is about 2.5%.
Make sense ?
genting^2 ( Date: 19-Apr-2012 08:12) Posted:
|
Day high 1.004
lets see what is the value over the years....
genting^2 ( Date: 19-Apr-2012 08:46) Posted:
|
So far highest is 1.002